Recon Capital Partners Announces NAV Inaccuracies for its Suite of ETFs

Recon Capital Partners, the issuer behind the Recon Capital Nasdaq 100 Covered Call ETF (Nasdaq: QYLD), announces that the net asset value (NAV) calculated for QYLD on Tuesday, Aug. 25, was inaccurate, as there was a variance of more than 1 percent. The NAV discrepancy was a result of a technical glitch that originated with Recon’s third-party administrator, The Bank of New York Mellon.

Below is the NAV calculated on Aug. 25 listed alongside the correct NAV.

    
      
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
        
           
        
      
      
        
          Fund Name
        
        
           
        
        
          Ticker
        
        
           
        
        
          Exchange
        
        
           
        
        
          CUSIP
        
        
           
        
        
          

IncorrectNAV

        
        
           
        
        
          Correct NAV
        
      
      
        
          Recon Capital Nasdaq 100 Covered Call ETF
        
        
           
        
        
          QYLD
        
        
           
        
        
          NASDAQ
        
        
           
        
        
          75623U102
        
        
           
        
        
          21.7566
        
        
           
        
        
          21.26789344
        
      
      
        
        
        
           
        
        
        
        
           
        
        
        
        
           
        
        
        
        
           
        
        
        
        
           
        
        
        
      
    
    

For more information, please visit www.reconfunds.com or call 203-900-1400. Recon Capital Partners also offers the Recon Capital DAX Germany ETF (Nasdaq: DAX) and the Recon Capital FTSE 100 ETF (Nasdaq: UK).

About Recon Capital

Recon Capital Partners, LLC, is an SEC Registered Investment Adviser headquartered in Greenwich, CT that uses its investment expertise and operational infrastructures to deliver market-driven, value-added products that meet the evolving needs of global investors. Please visit ReconCapitalPartners.com for more information.

Shares are bought and sold at market price (not NAV), are not individually redeemable, and owners of the Shares may acquire those Shares from the Funds and tender those Shares for redemption to the Funds in Creation Unit aggregations only, consisting of 50,000 Shares.

You should consider the fund’s investment objectives, risks, and charges and expenses carefully before investing. Contact Recon Capital Advisors at 1-844-RC-FUNDS/1-844-723-8637 or visit www.ReconFunds.com to obtain a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

Investors are subject to normal brokerage commissions when trading shares. Brokerage commissions will reduce returns.

International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/developing markets or in concentrations of single countries. The Fund is considered non-diversified and may be subject to greater risks than a diversified fund.

The Funds are distributed by Foreside Fund Services, LLC, which is not affiliated with Recon Capital Advisors, LLC or any of its affiliates.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150827005722/en/

Gregory FCA for Recon CapitalLauren Davis, [e-mail]